15th Oct 2015 11:24
Directorate Change
Stagecoach Group plc (the "Company") announces that non-executive director Helen Mahy CBE has informed the Company of her intention to step down from its Board at the end of February 2016.
The Company has also been notified today that Helen Mahy will be appointed a non-executive director of SSE plc, a company listed on the London Stock Exchange, with effect from 1 March 2016.
As part of refreshing the composition of the Board, the Board and its Nomination Committee has already commenced a search for a new non-executive director.
Sir Brian Souter, Chairman, said:
"On behalf of the Board I would like to thank Helen for her contribution to the Stagecoach Group since she joined in 2010. In particular, she has brought a keen focus to the health, safety and environmental governance of the Group."
In accordance with section 430(2B) of the Companies Act 2006, the Company confirms that Helen Mahy will receive her fee as a non-executive director of the Company up to the date of ceasing to be a director. No other payments will be made on, or in connection with, the loss of office.
For further information, please contact:
Stagecoach Group plc
| www.stagecoach.com |
Investors and analysts Ross Paterson, Finance Director Bruce Dingwall, Group Financial Controller
| 01738 44211101738 442111
|
Media Steven Stewart, Director of Corporate Communications |
07764 774680
|
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